Business

2021 ranked third, fourth warmest year on record for Africa

September 12, 2022

Africa’s temperature records show that 2021 was between the third and fourth warmest year ever. According to the most recent report published by the World Meteorological Organization (WMO). The report said, Africa is experiencing a faster rate of temperature rise than the rest of the world, at a rate of about +0.3 °C per decade […]Continue Reading

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MASLOC Impacting Lives After 16-years

September 8, 2022

The Microfinance and Small Loans Centre (MASLOC), one of the pro-poor policy initiatives of government under the Office of the President is still vibrant and touching lives, 16years after its creation. The strategic institution, established on 6th September, 2006 and turned 16years, Tuesday, has been the backbone of the Ghana’s Socio-economic development – by Continue Reading

Business

New IMF Mission Chief for Ghana arrives in Ghana, meets Ofori-Atta and 1st Deputy Governor

September 7, 2022

The new International Monetary Fund, IMF, Mission Chief for Ghana, Stéphane Roudet, has paid a courtesy call on the Minister for Finance, Ken Ofori Atta and the first Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari. Stéphane Roudet is in the country following his appointment as the new IMF Mission Chief for […]Continue Reading

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Bank workers involved in financial fraud disturbing – 2nd Dep. Governor

August 31, 2022

Second Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awdazi has said that financial crime in all its forms including money laundering, terrorist financing, fraud whether through offline or cyber related, siphoning and diversion of funds from the financial system by insiders to related parties, and others, all erode the integrity of the financial system. […]Continue Reading

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Finance Ministry paid 3 non-staff ¢1.1m in salaries – Auditor-General report

August 31, 2022

The Auditor-General’s Department has uncovered the unlawful payment of salaries to three persons who are not staff by the Finance Ministry. The three individuals; Allotey James, Nana Yaw Asiedu and Adam Habibu received a combined GH¢1,112,896.00 as salaries between January 2020 and December 2021. This was contained in the report of the Auditor-General on the […]Continue Reading

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Vodafone Ghana rewards ‘Dream Car Promo’ winner

August 29, 2022

Vodafone Ghana has presented a brand-new Toyota Starlet to Joel Barnor, a mobile phone dealer who emerged as the winner of the Vodafone Dream Car Promotion. The Vodafone Dream Car promotion, which was launched to reward Vodafone Ghana customers for their loyalty, has exciting prizes, including mobile phones and a brand new car as the […]Continue Reading

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Cartels frustrating importers and stealing assets through auctions at the ports – VADUG

August 24, 2022

The Vehicle and Assets Dealers Union Ghana (VADUG) has raised concerns over how vehicles which are not cleared within stipulated time at the ports in Ghana are auctioned at prices lower than the import duty and eventually end up in the garages of a cartel. Frank Atanley Kofigah, General Secretary of VADUG stated on 3FM […]Continue Reading

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Traders To Close All Shops On Monday Over Cedi Depreciation

August 23, 2022

Members of the Ghana Union of Traders Association (GUTA), say they will close down all their shops on Monday, August 29, 2022, in protest against the persistent depreciation of the Ghana Cedi. According to them, the rapid fall of the Cedi is having a negative impact on their businesses, hence their decision to stage the […]Continue Reading

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GUTA members to close shops on August 29 over ‘harsh’ economic conditions

August 22, 2022

The Ghana Union of Traders Association (GUTA) has announced it will close all shops belonging to its members in Accra on Monday, August 29, 2022, to register its displeasure with the country’s current economic challenges. According to GUTA the depreciation of the cedi has eroded the capital of its members and is severely hampering their […]Continue Reading

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Capital flight is a huge problem affecting the Cedi – Mawutor

August 22, 2022

The Dean, School of Graduate Studies at the University of Professional Studies, Accra (UPSA), Professor John Kwaku Mensah Mawutor has blamed the woes of the Cedi on Capital flight, a situation where assets or money rapidly flow out of a country. He explained that capital flight is occurring because foreigners are dominating the local industry. […]Continue Reading